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May 18, 2024  
 
 
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Raising Money in Janesville, Minnesota With SBA Loans

 

 
Loan Census SBA Loan Info

Motor Vehicle Supplies and New Parts Merchant Wholesalers Loans

Looking for loans for motor vehicle supplies and new parts merchant wholesalers? Try the SBA. This $62,000 motor vehicle supplies and new parts merchant wholesalers loan was issued by a Minnesota bank.

Getting a small business loan in Janesville, Minnesota was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Janesville State Bank, operating out of Janesville, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS MERCHANT WHOLESALERS
JANESVILLE, MN 56048

SBA Loan Lender

JANESVILLE STATE BANK
201 N MAIN ST
JANESVILLE, MN 56048

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423120 - Motor Vehicle Supplies and New Parts Merchant Wholesalers

Loan Approval Date

7/25/2005

Loan Approval Gross Amount

$62,000

Loan Approval from the SBA

Of the total $62,000 loan amount, the SBA guaranteed $52,700.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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